Kuzey Boru Anonim Sirketi Income Statement

Financials in millions TRY. Fiscal year is January - December.

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	3,663	3,955	2,954	1,479	226.42	106.45
Revenue Growth (YoY)	-20.17%	33.86%	99.72%	553.35%	112.69%	-
Cost of Revenue	3,011	3,168	2,036	1,141	177.59	76.03
Gross Profit	652.16	787.02	918.25	338.54	48.83	30.42
Selling, General & Admin	322.41	428.38	270.57	125.93	30.29	19.24
Research & Development	24.95	10.27	-	-	-	-
Other Operating Expenses	69.48	49.03	9.38	4.78	2.37	1.4
Operating Expenses	416.84	487.69	279.95	130.72	32.66	20.64
Operating Income	235.31	299.33	638.3	207.83	16.17	9.79
Interest Expense	-136.55	-73.86	-134.6	-63.91	-10.18	-3.81
Interest & Investment Income	111.54	245.69	25.52	1.04	0.08	0.11
Currency Exchange Gain (Loss)	32.77	-82.39	-35.91	-4.84	-1.73	-2.27
Other Non Operating Income (Expenses)	456.95	117.44	-197.74	57.12	-1.26	-0.64
EBT Excluding Unusual Items	700.01	506.21	295.57	197.24	3.07	3.17
Gain (Loss) on Sale of Investments	-	-	-0.24	-	-	-
Legal Settlements	-3.05	-3.05	-5.07	-0.28	-	-
Pretax Income	696.97	503.16	290.26	196.96	3.07	3.17
Income Tax Expense	-40.59	-145.26	-26.25	-5.04	-2.68	0.71
Net Income	737.55	648.42	316.51	202	5.76	2.46
Net Income to Common	737.55	648.42	316.51	202	5.76	2.46
Net Income Growth	17.28%	104.87%	56.69%	3409.01%	134.16%	-
Shares Outstanding (Basic)	600	600	480	360	360	96
Shares Outstanding (Diluted)	600	600	480	360	360	96
Shares Change (YoY)	11.11%	25.00%	33.33%	-	275.00%	-
EPS (Basic)	1.23	1.08	0.66	0.56	0.02	0.03
EPS (Diluted)	1.23	1.08	0.66	0.56	0.02	0.03
EPS Growth	5.55%	63.89%	17.52%	3409.18%	-37.56%	-
Free Cash Flow	-1,075	-987.6	-194.02	-157.98	-51.56	-11.64
Free Cash Flow Per Share	-1.79	-1.65	-0.40	-0.44	-0.14	-0.12
Dividend Per Share	-	-	0.088	-	-	-
Gross Margin	17.80%	19.90%	31.08%	22.88%	21.56%	28.58%
Operating Margin	6.42%	7.57%	21.61%	14.05%	7.14%	9.19%
Profit Margin	20.14%	16.40%	10.71%	13.66%	2.54%	2.31%
Free Cash Flow Margin	-29.34%	-24.97%	-6.57%	-10.68%	-22.77%	-10.93%
EBITDA	378.43	404.07	695.5	240.78	20.76	12.48
EBITDA Margin	10.33%	10.22%	23.54%	16.28%	9.17%	11.72%
D&A For EBITDA	143.12	104.73	57.2	32.95	4.59	2.69
EBIT	235.31	299.33	638.3	207.83	16.17	9.79
EBIT Margin	6.42%	7.57%	21.61%	14.05%	7.14%	9.19%
Effective Tax Rate	-	-	-	-	-	22.33%
Advertising Expenses	-	0.61	-	4.9	1.59	1.19

Source: S&P Global Market Intelligence. Standard template. Financial Sources.